Elon Musk Had to Snub Apple’s Buyout Bid Even if Tesla Is in Code Red

Elon Musk Had to Snub Apple’s Buyout Bid Even if Tesla Is in Code Red

TweetShareBy CCN: When Tesla’s stock crashed below $200 this week after the company tumbled into a “code red,” many on Wall Street wondered if Elon Musk should’ve accepted Apple’s $240-a-share buyout offer from 2013.However, despite the horrendous week Tesla is having, Musk was right to stick by his guns.Elon Musk Institutes Emergency Cost-CuttingLast week, Musk…

Elon Musk Loads Up Tesla Stock But Carmaker’s Worst Enemy is Tesla Itself

Elon Musk Loads Up Tesla Stock But Carmaker’s Worst Enemy is Tesla Itself

TweetShareBy CCN: Tesla stock has been down in the dumps so far this year. Billionaire Elon Musk’s company has eroded investors’ wealth to the tune of almost 28% in 2019, as operational challenges have taken precedence over the CEO’s mind-numbing claims about how Tesla stock could rise to $2,900 in the future.Tesla stock is trading…

Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck

Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck

TweetShareBy CCN: The stock price of Ford Motor Company leaped by a staggering 10.7 percent on Friday, allowing the company to achieve a $41 billion valuation and overtake upstart competitor Tesla in total valuation.Ford stock has performed strongly in the past month, outperforming the Dow Jones. | Source: Yahoo FinanceTwo key fundamental catalysts of Ford’s…

Nvidia Bites Back at Elon Musk’s ‘Inaccurate’ Tesla Boast

Nvidia Bites Back at Elon Musk’s ‘Inaccurate’ Tesla Boast

TweetShareBy CCN.com: After talking about a Full Self-Driving Computer (FSDC) for years, Tesla has finally made good its promise and unveiled the chipset during the electric carmaker’s Autonomy Day.Per the electric carmaker, the new chipset offers a performance that is 21 times better than its old hardware built by Nvidia. The chipset also boasts a…

Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

TweetShareLawyers for Tesla’ CEO Elon Musk have accused the U.S. Securities and Exchange Commission of ‘unprecedented overreach’ and violating the constitutional rights of the iconic billionaire.Musk’s legal team was responding to an SEC request to have the court hold Musk in contempt, according to Reuters. This was for violating a settlement he reached with the…

Will Alleged Model 3 Design Flaw Sink Tesla Stock?

Will Alleged Model 3 Design Flaw Sink Tesla Stock?

TweetShareIt seems that Tesla just can’t catch a break. Following charges from the Security and Exchange Commission (SEC) that could force Elon Musk to temporarily step down as CEO, the company’s vehicles are allegedly having more than a little trouble staying clean.A Glitch in the Tesla SystemA design flaw may be causing debris to become…

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

TweetShareWhen Tesla CEO Elon Musk pressed “tweet,” he had to know his ill-timed joke about production numbers would catch the attention of SEC regulators. However, that single Twitter post might now force Tesla to pay nearly $1 billion in cash to settle up with bondholders.Tesla’s Billion-Dollar Debt Load Comes Home to RoostAt issue is $920 million…